Page 1013 - Economy & Policy News
Remarks on Prophet threaten to fray India's energy ties with Islamic world
West Asia is also India's biggest supplier of LPG, the fuel that is used in kitchens. India imported 48 million tonnes, or 58 per cent of the fuel used in the last three fiscals
 "Remarks on Prophet threaten to fray India's energy ties with Islamic world")
WTO's 12th Ministerial Conference: Food security, vax equity to top agenda
The 12th Ministerial Conference starts on Sunday to discuss matters under the ambit of multilateral trade rules
 "WTO's 12th Ministerial Conference: Food security, vax equity to top agenda")
India considers curbing fridge imports to boost local industry: Report
Sources say the government is considering mandating that importers seek a licence from the authorities, replacing the existing free-import regime
 "India considers curbing fridge imports to boost local industry: Report")
RBI's decision to raise policy rate to help Indian economy, says Assocham
Industry body Assocham on Thursday said the Reserve Bank's decision to raise the benchmark lending rate by 50 basis points to 4.9 per cent will help the Indian economy in the medium term.
 "RBI's decision to raise policy rate to help Indian economy, says Assocham")
Cryptocurrencies don't appear to be true financial innovation: India's CEA
They are a case of 'regulatory arbitrage' and could be risky for the country, says Nageswaran
 "Cryptocurrencies don't appear to be true financial innovation: India's CEA")
What is stagflation?
Global asset management firm Bernstein has said that markets should brace for tough days ahead, as India was staring at stagflation. It is marked by high inflation and stagnant economic growth
 "What is stagflation?")
Cryptos akin to a world of Carribean pirates in absence of regulation: CEA
V Anantha Nageswaran said the recent development in Terra-Luna cryptocurrency, which witnessed a massive meltdown last month, is a 'very important cautionary tale'
 "Cryptos akin to a world of Carribean pirates in absence of regulation: CEA")
Global FDI back to pre-Covid levels in 2021 but uncertainty looms: UNCTAD
The top ten economies for FDI inflows in 2021 were India, the US, China, Hong Kong, Singapore, Canada, Brazil, South Africa, Russia, and Mexico
 "Global FDI back to pre-Covid levels in 2021 but uncertainty looms: UNCTAD")
Businesses should avoid short-term reward-seeking culture: Shaktikanta Das
Das said doing business involves risk taking. But before taking the risk, the upside and downside will have to be carefully considered
 "Businesses should avoid short-term reward-seeking culture: Shaktikanta Das")
Monsoon progressing normally, to likely reach Maharashtra in 2 days: IMD
Senior IMD scientist R K Jenamani said the monsoon covered south and central Arabian Sea, entire Kerala, parts of Karnataka and Tamil Nadu between May 31 and June 7
 "Monsoon progressing normally, to likely reach Maharashtra in 2 days: IMD")
With month to go for card-on-file tokenisation, firms set up solutions
Merchants and other entities that have stored card details of customers will have to purge the data and apply tokenisation
 "With month to go for card-on-file tokenisation, firms set up solutions")
Electric vehicles: India may slash GST on lithium-ion batteries to 5%
India likely to slash the GST rate on lithium-ion batteries from 18% to 5%
 "Electric vehicles: India may slash GST on lithium-ion batteries to 5%")
Kharif MSP hiked 4-9% for 2022-23 season, largest spike in pulses, oilseeds
Biggest hikes were reserved for pulses, oilseeds
 "Kharif MSP hiked 4-9% for 2022-23 season, largest spike in pulses, oilseeds")
IRCTC to connect India, Nepal through tourist train under Bharat Gaurav
IRCTC will be India's first agency to connect two countries through tourist train under the Bharat Gaurav Scheme of Indian Railways as the train will depart on the Shri Ramayana Yatra Circuit
 "IRCTC to connect India, Nepal through tourist train under Bharat Gaurav")
RBI MPC: What should borrowers & depositors do amid rising interest rates?
The RBI on Wednesday again nudged up the repo rate by 50 basis points. The move will push up borrowing costs, from home to auto loans. What should depositors and borrowers do in this scenario?
 "RBI MPC: What should borrowers & depositors do amid rising interest rates?")
RBI's rate hike to push up costs: Realty, capital goods companies
Ramani Sastri, chairman and managing director (MD) of real estate firm Sterling Developers, said interest rates impact the cost of doing business
 "RBI's rate hike to push up costs: Realty, capital goods companies")
RBI monetary policy: Missing inflation mandate now a 'fait accompli'
Consumer price index-based inflation, the yardstick of the RBI in monetary policy making, was, on average, above 6 per cent during the January-March quarter
 "RBI monetary policy: Missing inflation mandate now a 'fait accompli'")
Defence Ministry's tech development fund cap raised five-fold to Rs 50 cr
The TDF scheme supports indigenous development of components, products, systems and technologies by micro, small and medium enterprises (MSMEs), and start-ups
 "Defence Ministry's tech development fund cap raised five-fold to Rs 50 cr")
India's economy to grow at 6.9% in FY23: OECD global macroeconomic report
The institution said that headline inflation is projected to ease gradually, though remaining above the central bank's upper tolerance limit of 6 percent throughout 2022 and 2023.
 "India's economy to grow at 6.9% in FY23: OECD global macroeconomic report")
No reason for direct allocation of 5G spectrum to enterprises: COAI
According to COAI, there is no case to alienate spectrum directly to companies for captive private networks
 "No reason for direct allocation of 5G spectrum to enterprises: COAI")